The CBO analysis examined how Biden’s loan forgiveness program would reduce revenue to the government and how much that would cost the government over the lifetime of the loans, which can stretch out over 30 years. It concluded the cost would be about $400 billion. This is a complicated, long range summation end possibility, not a toss-off sound bite.
With student loan forgiveness and more equitable policies going forward, your middle class mechanic text Might see his own or his children’s furthest personal goals. That’s the point - not to punish people (taxes are the fuel of this economy) but to enrich the most and play more equitably across the board. I don’t have any children but I pay school taxes, bus taxes, Public Safety taxes I don’t need. But I don’t complain because sometimes, I may need those kids. It’s not about the pain of the city - it’s about the healing of the body.
